M&A
Broadcom set to finalize $69 billion VMWare acquisition
22 Nov 2023
In a significant development in the technology industry, Broadcom announced on Wednesday, 22 November 2023, that it has successfully concluded its $69 billion acquisition of cloud computing firm VMWare, marking one of the largest takeover deals in the sector.
Broadcom set to finalize $69 billion VMWare acquisition
22 Nov 2023
In a significant development in the technology industry, Broadcom announced on Wednesday, 22 November 2023, that it has successfully concluded its $69 billion acquisition of cloud computing firm VMWare, marking one of the largest takeover deals in the sector.
RBI clears Hinduja Group acquisition of Reliance Capital
19 Nov 2023
Reserve Bank of India (RBI) on Friday approved a Rs9,650 crore debt resolution plan submitted by IndusInd International Holdings Ltd (IIHL), allowing the Hinduja Group firm to take over the assets of Reliance Capital.
Tata Technologies sets IPO band at Rs475-500 a share
16 Nov 2023
Tata Technologies, which is coming out with an initial public offer (IPO), has announced a price band of Rs475-500 per share for the offer-for-sale (OFS).
Alphabet’s Google explores significant investment in chatbot startup Character.AI
11 Nov 2023
Google, a subsidiary of Alphabet Inc., is reportedly in advanced discussions to inject hundreds of millions of dollars into Character.AI, a burgeoning AI chatbot startup.
Dabur Chairman Mohit Burman assures continuity in board structure following Religare acquisition
10 Nov 2023
In the wake of the Burman family office's acquisition of a majority stake in Religare Enterprises (REL), Dabur India Chairman Mohit Burman clarified in a video call on Thursday, 9 November 2023, that there are no plans to alter the existing board of the financial services company.
Kinder Morgan is set to acquire Texas pipelines from NextEra Energy Partners in a $1.82 billion deal
07 Nov 2023
Kinder Morgan, a U.S. gas pipeline operator, stated that it would acquire NextEra Energy Partners gas pipelines in South Texas. This statement was announced on Monday, 6 November 2023. The deal is said to be worth $1.82 billion.
Canada's Davie acquires Russian-owned Helsinki Shipyard
03 Nov 2023
Davie said it used a combination of own funds and a €77 million ($110 million) financing from the Québec government for completing the transaction
Zurich Insurance set to invest $500 million for majority stake in Kotak General Insurance
02 Nov 2023
Zurich Insurance Company, a major Swiss-based insurer, is set to invest approximately Rs 4,051 crore, or U.S. $500 million, to acquire a controlling stake of 51 percent in Kotak General Insurance.
Disney to acquire Comcast's remaining 33% stake in Hulu for a minimum of $8.6 billion
02 Nov 2023
In an important move to solidify its position in the global streaming service arena, The Walt Disney Company officially initiated the acquisition process of Comcast's one-third stake in Hulu.
Blackstone to enter into Indian healthcare sector with acquisition of Care Hospitals
31 Oct 2023
A statement published on Monday, 30 October, 2023, by Blackstone indicated that they will buy a majority stake in India’s Care Hospital from a fund belonging to asset management firm TPG.
Reliance closes in on the acquisition of Disney's India business
25 Oct 2023
One of India’s largest conglomerates, Reliance Industries Ltd., is planning to buy Disney Co.’s Indian operations.
Blackstone in talks to acquire stake in Disney's Indian division amid free ICC World Cup streaming
11 Oct 2023
Blackstone, a private equity firm, has started initial talks with the Walt Disney Company to acquire a stake in the Indian division of the firm.
Deloitte to acquire rival PwC's network firms in Sri Lanka and Maldives
10 Oct 2023
Deloitte, a world-renowned accounting firm, is planning to acquire some of the network firms from its competitor, PricewaterhouseCoopers (PwC), in the Maldives and Sri Lanka regions.
Exxon nears a $60 billion deal to acquire Pioneer
06 Oct 2023
Exxon Mobil is in advanced talks to buy Pioneer Natural Resources for around $60 billion.Exxon is about to make its largest deal since the acquisition of Mobil in 1998
Reliance group secures BCCI media rights, emerges as cricket broadcasting powerhouse
01 Sep 2023
Over the next five years, Indian cricket will find a new broadcasting home on the Viacom 18 network. In an e-auction held on Thursday, 31 August 2023, the media conglomerate, a subsidiary of Reliance Industries, successfully secured both the linear and digital rights from the BCCI (Board of Control for Cricket in India)
Reliance Retail to buy out minority shareholders
11 Jul 2023
Reliance Retail will pay Rs1,362 per share to a host of global investors, including KKR, Mubadala, Abu Dhabi Investment Authority, General Atlantic, GIC and TPG, who together hold a 10.09 per cent stake in the company
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
HDFC, HDFC Bank to merge in $40 bn deal
01 Jul 2023
The merger, to be effective from 1 July, will create the world’s fifth largest bank with a market valuation of $175 billion, which will be 100 per cent owned by public shareholders
Singapore’s Temasek buys majority stake in Manipal Hospitals
06 Apr 2023
Temasek acquired an additional 41 per cent stake in Manipal Health through Sheares Healthcare India for Rs16,375 cr, taking its stake in India’s second-largest hospital chain to 59 per cent
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